GasBuddy News Article

63

votes

Speculators blamed for rising oil, gas prices

The Seattle Times
--
U.S. demand for oil and refined products — including gasoline — is down sharply from last year, so much that the United States has become a net exporter of gasoline, unable to consume all it makes.

Yet oil and gasoline prices are spiraling upward.

The price of oil topped $106 a barrel and a gallon of regular unleaded gasoline averaged $3.57 a gallon Tuesday — thanks again in no small part to rampant financial speculation on top of fears of supply disruptions.

Change the rules back on speculators to what they performed their business prior to 2000, and force them to take delivery on their oil futures, and you'll see a significant decrease in crude prices.But don't believe me,go research the subject and how during the early Bush years of 2000's,the game was rigged to favor speculators.

I'd be the absolute LAST supporter of Repugs, but unfortunately BOTH Parties are bought and sold by BIG OIL!!!!!!Until you have election reform, and publicly financed elections you'll never get a handle on these Wall St.Speculators and the cash they're stuffing in campaign coffers of both Parties!!!!!!!! While you're at it, there also needs to be a large hand placed around the throats of lobbyists and throttled down to the floor.THEN JUST MAYBE AMERICA WILL GET IT'S DEMOCRACY BACK.Until then you're just pissing down someone's back and telling them it's raining.

I keep seeing this: Speculators: Hyperventilation over something as simple as that. Gas is up but not because of speculators. If you want to write about a problem you need to study to see what it is first. If the world market is short on gasoline...it means gas is short and "speculators" who make it possible for refiners to even have a product...have to bid higher to get it. We live in a world commodity market and you need to understand that simple fact ... blaming "speculators" who buy these products is like blaming a speedometer for going too fast. Capitalism, with all its faults has made America rich and it goes without saying that with it's problems, nothing has ever been found that works as good as it does.

And most politicians will ignore this problem. This problem has been ignored for several years. Either they financially benefit, or because of environmental marxism they want expensive energy. I wish it were limited to just one party, but it's not.

What we need is more conservatives, you know, people who don't want Americans to be serfs to the Government.

Investors should be required to put up more cash to buy oil contracts etcCurrently it is less than .20 on the dollarThese is not investing it is just gamblingI believe day trading is gambling and not investing alsoIf you want to gamble go to Vegas or Atlantic City stay out of the commodities and stock markets

It's the height of utter absurdity to blame Obama for high oil prices when GOP paid puppets of Big Oil/Finance created crude oil commodity speculation and are blocking Democrat attempts to investigate and end it....